Gas Prices in Winter | electricity prices, LNG imports

Ibn-e-Ameer

Islamabad: Cabinet Committee on Energy (CCoE) has rejected a proposal to increase gas prices for consumers in the winter season.

Petroleum division submitted the summary of Revision of Gas Tariff Slabs for Domestic consumers during winter November 21 to February 22

The petroleum division had proposed to increase gas prices for those consumers using a higher volume of gas and exempt the consumers from increase with low consumption in the winter season.

The Cabinet Committee on Energy (CCOE) held a meeting under the Chairmanship of the Federal Minister for Planning, Development and Special Initiatives Asad Umar here in Islamabad on Friday.

CCoE also considered revision of Gas tariff slabs for the domestic consumers during the winter season of FY 21-22 submitted by the Petroleum Division.

The forum discussed the agenda in detail and outline that gas is a precious energy resource and resultantly import of LNG is a large drain on Pakistan’s foreign exchange.

It constitutes a major part of the country’s total imports and consumer spending. It is now critically important to realize both on an individual and national level that energy resources need to be conserved by switching to energy-efficient appliances. Keeping in view, CCoE has formed a committee Minister for S&T Mr. Shibli Faraz will head.

This committee will give its recommendations within 30 days on the measures to ensure the use of energy-efficient appliances through various fiscal and administrative incentives along with regulatory actions.

It will suggest measures to promote these appliances to rationalize consumption, reduce consumer’s monthly expenses, and resultantly reducing the country’s energy import bill.

CCoE approved the summary submitted by the Power Division on the winter incentive package on incremental consumption for all domestic, commercial, and general services consumers of XW- DISCOs and K- Electrics from 1st November 2021 till 28th February 2022.

The Minister for Energy, Minister for Maritime Affairs, SAPM on Power, Petroleum & Revenue, SAPM on CPEC, and representatives of regulatory authorities and senior officials of Ministries/Divisions also participated in the meeting.